Internet Usage Statistics:9,909
Internet users as of December, 2003;
19.7% of the population, according to CIA.

The Cayman Islands are an overseas
territory of the United Kingdom in the western Caribbean Sea
comprising the islands of Grand Cayman, Cayman Brac, and Little
Cayman. It is known as one of the largest tax havens in the
world. With no direct taxation, the islands are a thriving
offshore financial center. More than 40,000 companies were
registered in the Cayman Islands as of 1998, including almost 600
banks and trust companies; banking assets exceed $500
billion.

Latest Population
Estimate:50,348
population for 2007, according toworld-gazetteer.

Latest GNI
Estimate:GNI per
capita was US$ 33,469 for 2000, according to theWorld Bank.

Caribbean Telecoms Market
Overview and Statistics
Almost all Caribbean countries offer a full range of telecom
services, despite being characterised by small markets in terms
of population. Liberalisation agreements have been reached in
most countries. The major mobile players are the incumbent Cable
& Wireless and Digicel which, in June 2005, agreed to acquire
all the Caribbean operations of Cingular Wireless. The
region’s mobile subscriber base is concentrated in the
hands of these two major players, with only a few smaller
companies edging their way into the newly liberalised markets.
This Paul Budde report provides an overview of the
Caribbean’s telecom sector accompanied by relevant
statistics and a brief profile of the major players.See report table of
contents

Broadband and Consumer E-Commerce
in the Cayman Islands - July 2007 Review

American lawmakers and tax policy experts are
puting a cautionary and intent eye on the Cayman Islands. One particular piece
of proposed legislation is the so-called Stop Tax Haven Abuse Act, which seeks
to combat ‘offshore secrecy’ that it claims enables “offshore tax havens to
hide $100 billion in US tax revenues”. According to a New York Times article
by Lynnley Browning published 1 July, the attention stems from the Islands
becoming the ‘corporate home’ to three quarters of global hedge funds - funds
which, it reports, are being used by US individuals and institutions to avoid
tax responsibilities.

From what is known of the US Inland Revenue Service, it is an institution
not to be trifled with and the Cayman government may find itself embroiled in
a battle between this Federal agency and the American fund managers who choose
to set up shop in the Islands.

The Cayman government has long sought to combat the perception held by many
Americans that doing business in Cayman could put them in an unfavourable and
dubious light. In the past, the Islands’ tax regime had been used by unscrupulous
individuals to launder money and engage in other questionable fiscal practices.

Being fingered in the Enron debacle did not serve to help matters either.
Nowadays, a source in the article claimed, bogus hedge funds are being set up
on the Islands as part of a larger tax-evasion gimmick. This places the local
laws regarding hedge funds and the impact of such laws on US tax policy under
greater scrutiny.

Keep tuned to the Internet Stats
Blog. New statistics, figures and updates
become available all the time.